Look No Longer For A Stock To Buy: Clean Energy Fuels Corp. (CLNE)

The CLNE stock price fluctuated between $7.62 and $7.92 throughout the trading session with the volume trading being 4M shares, which represented a negative variation when compared to the three months average volume of 16M shares.

The share price of Clean Energy Fuels Corp. (NasdaqGS:CLNE) dipped -1.55% to close Thursday’s market session at $7.63, lower as compared to yesterday’s close which brings the market valuation of the company to $1.7B.

The 52-week high for the Clean Energy Fuels Corp.’s shares is $19.79. That puts it -61.45% from that peak but still an impressive gain since the share price dropped to a 52-week low of $2.34, while the S&P 500’s share price change was of 35%.

What does the trading volume tell us about the CLNE stock?

During the last trading session, Clean Energy Fuels Corp. (NasdaqGS:CLNE) has seen decay in its daily volume. The daily volume was of 16M, while in the last 10 days the average was 6.37M and last three months – 16.32M.
The decreasing interest in the CLNE stock from the investors is helping to drive the stock price down.

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Shrinking short interest

The Clean Energy Fuels Corp.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 8.68M shares being shorted which translates into 1.74 of a short ratio for CLNE, while in the previous month the shorted shares were 11.62M.

Clean Energy Fuels Corp. (NasdaqGS:CLNE) financials

With a market cap of 1.7B, Clean Energy Fuels Corp. holds a total cash of $146.22M that translates into $0.73 per share, while the total debt is of $125.8M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -10.30%. The current revenue is of $282.86M that is $1.42 per share.
This is a not so good sign for the future.